Grossman brokers 2,300 s/f lease renewal at Foodmaster Plaza
The Hair Cuttery of Greater Boston has renewed its lease for 2,300 s/f at Foodmaster Plaza at 469 - 471 Salem St. (Rte. 60) on The Fellsway (Rte. 28). The renewal maintains the plaza's 100% occupancy.
Because of the area's excellent demographics, the 81,000 s/f shopping plaza has been at 100% occupancy for several years, according to the property's exclusive broker, Frank O'Neill of The Grossman Companies, Inc. of Quincy.
Besides anchor tenant Johnny's Foodmaster Supermarket, other tenants include Family Dollar, Rite Aid, Mike's Gym, Great Cuts, Alexander Liquors and a Fleet Bank ATM. A quarter million people live within 3 miles of the property.
Part of a national chain, the Hair Cuttery offers a full complement of services including haircuts, color, facial waxing and texturizing, plau a wide selection of professional products.
Lynnfield, MA According to Combined Properties, Inc., Conduent Inc., a leader in document technology and services for more than half a century, has renewed its lease of 164,095 s/f at 66-70 Broadway. The complex has served Conduent and prior affiliates since 1996.
Now what? As the year comes to a close, the state of retail is always in the news. The answers vary greatly depending on who in the various related industries you ask, each offering a unique lens on the challenges and opportunities ahead.
This may seem self-serving, and I’ll be the first to admit it. But unlike some of the artificial intelligence tools now reshaping our industry, I am fully aware of my own bias. So, hear me out. The rise of AI in commercial real estate is not a distant threat or a speculative headline.